One of the most commonly pursued avenues to making money online from home would be through Forex trading. If you are new to online trading though you may quickly become overwhelmed by the vast number of Forex opportunities made available to you. At BinaryOptionsWatchDog.com we are dedicated to provide you with accurate reviews for legitimate investment brokers along with tested and verified service providers. Throughout the past 4 years we have exposed over 400 fraudulent online trading operations and have had the back of over 10,000 subscribers and we aren’t stopping now.
The focus of this page is to provide you with an outlet to reliable Forex brokers along with accurate service providers that have been proven to help you make money online from home. Now, if you are new to Forex, the best recommendation that we can make for you would be to get started with a Forex Demo Account. Getting accustomed to the style of Forex trading by testing out your strategies, software and service providers before getting started in a live investment scenario is always encouraged and can help you quite a bit in the long run.
What are Forex brokers?
Forex brokers are firms that provide traders with the ability to access a trading platform, which allows them to buy and sell foreign currencies. A currency trading broker, also referred to as a Forex broker, handles a minuscule portion of the volume in the overall foreign exchange market. This allows investors the ability to execute investments online with the foreign exchange markets. When narrowing down which Forex broker is right for your investing endeavors, it is crucial you only sign up with one that is regulated and legal where you reside. Below we have a list of regulated Forex brokers that are user-friendly and offer great trading tools!
How Do Forex (FX) Brokers Make Their Money?
Compared to binary option brokers that generate their revenue due to inaccurate predictions executed by their traders, Forex brokers make their money in a more systematic and ethical way. Forex brokers make their money by charging a transparent commission per trade or a spread. (A spread is the difference between the bid price and the ask price for a particular trade). So unlike binary options where you are trading against the broker, with Forex you are just being charged a very small fee while investing on the foreign exchange market.
What are Forex Service Providers?
Forex oriented investment opportunities that take the form of a trading software (can be semi-automated, an auto-trader or trade copier), a signal service or a downloadable charting solution with customized technical indicators and algorithms. The main function of these service providers would be to provide newbie and veteran online traders with an ability to accurately execute signals based upon the mechanics and method of signal creation generated. Due to the vulnerability of the online investment industry it has become a cesspool for online scammers who are determined to do nothing more than steal your money. Due to this reason we encourage you to only get started with accurate and verified service providers like the ones we have tested and provided to you below.
Can You Really Profit With Forex Service Providers?
As long as you get started with an accurate and proven service provider, you can effectively supplement your income between an additional couple hundred to a few thousand dollars per month. If you are unsure which Forex auto-traders, software or service providers are legitimate, we encourage you visit our complete list of the best and most accurate Forex service providers below. Each of these services have been vigorously tested and proven to help take your online trading to the next level!
At the moment our most recommended Forex signal service at the moment would be Michael Freeman’s FREE manual signals group on Facebook.